MANAGEMENT

Detailed explanation-1: -business concept. This is a clear and concise description of a business opportunity; it contains four elements: the product or service, the customer, the benefit, and the distribution. These are distinctive aspects, qualities, or characteristics of a product or service. benefits.

Detailed explanation-2: -A business opportunity (or bizopp) involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business.

Detailed explanation-3: -The business venture definition is a new business that is formed with a plan and expectation that financial gain will follow. Often, this kind of business is referred to as a small business, as it typically begins with a small amount of financial resources.

Detailed explanation-4: -A successful small business must have 4 things in their corner – product, market, money & people. Whether you’re a startup looking for venture capital or you want to become a successful small business all on your own, there are a few basic – but important – components every business must have.